ETH breaks key level and shows resilience

On May 20, Ethereum (ETH) once again proved why it remains one of the pillars of the crypto market. The price rose by more than 5% and managed to break through the $2,500 level. This movement reflects not only positive market dynamics but also the growing confidence of traders and investors in Ethereum‘s future.

Since mid-May, trading activity has increased, with rising demand for ETH futures. This increase in so-called “open interest” shows that more participants are actively opening positions, which typically indicates a strong market expectation. Additionally, funding rates for long positions on Ethereum are on the rise, suggesting that more traders are betting on an upward scenario.

Technical rebound points to potential breakout toward previous highs

Since December, Ethereum's price movement has formed a classic V-shaped recovery pattern. This pattern occurs when a price rebounds sharply after a significant drop. Currently, the price is moving toward the $2,600 to $2,800 zone — a key area where supply and demand converge. If this zone is broken, the next resistance lies around $4,100, with a possible move toward the all-time high of $4,800. That would represent an increase of over 90% from current levels. The RSI (Relative Strength Index), which measures trend momentum, has also risen above 50. This indicates that upward momentum is strengthening. Although no one can predict the future, these signals suggest that Ethereum is currently in a positive phase — supported by market structure, trading data, and overall sentiment. At Coinmerce, we closely monitor these developments and ensure you can engage with the world of digital assets in a safe and reliable way.

Disclaimer: This is not financial advice. Always do your own research before making decisions regarding digital assets.